German business sentiment rose to the strongest level in almost six years in a sign that the momentum in Europe’s largest economy is set to continue.
The Munich-based Ifo institute’s business climate index increased to 112.9 in April from a revised 112.4 in March.
“This may strengthen calls for monetary policy normalization from Germany,” Jennifer McKeown, chief European economist at Capital Economics in London, said in a note.
Source: Ministry of Economy
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